Colliers International Group Inc. $CIGI Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Colliers International Group by 4.1%, holding 213,082 shares valued at approximately $25.8 million as of the latest SEC filing.
• Colliers reported strong quarterly earnings with $1.72 EPS, surpassing analyst estimates of $1.52, and a revenue increase of 18.3% year-over-year, totaling $1.37 billion.
• The stock has recently been trading up 2.9% and currently holds a market capitalization of $8.29 billion with a P/E ratio of 76.15.

American Century Companies Inc. lowered its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,082 shares of the financial services provider's stock after selling 9,150 shares during the quarter. American Century Companies Inc. owned 0.43% of Colliers International Group worth $25,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC lifted its position in Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group in the 1st quarter worth about $33,000. Tower Research Capital LLC TRC lifted its holdings in shares of Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after acquiring an additional 298 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Colliers International Group by 10.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after acquiring an additional 100 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Colliers International Group by 13.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock worth $174,000 after buying an additional 175 shares during the period. Institutional investors own 80.09% of the company's stock.

Analysts Set New Price Targets

CIGI has been the topic of several recent analyst reports. CIBC raised their price target on shares of Colliers International Group from $149.00 to $175.00 and gave the stock an "outperformer" rating in a research note on Friday, August 1st. Stifel Nicolaus raised their price target on shares of Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Colliers International Group from $137.00 to $181.00 and gave the stock a "neutral" rating in a research note on Tuesday. JMP Securities assumed coverage on shares of Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, Raymond James Financial raised their target price on shares of Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus target price of $172.30.

Colliers International Group Stock Down 0.6%

Shares of Colliers International Group stock traded down $1.00 on Wednesday, reaching $165.97. The stock had a trading volume of 54,359 shares, compared to its average volume of 134,513. The company has a 50 day moving average price of $144.43 and a 200 day moving average price of $130.04. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $170.65. The stock has a market capitalization of $8.21 billion, a P/E ratio of 75.50 and a beta of 1.44.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company's quarterly revenue was up 18.3% compared to the same quarter last year. As a group, equities research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.